Bigger, Stronger, Better bank bjb. 1Q15 Company Report

Transcription

1 Bigger, Stronger, Better bank bjb 1Q15 Company Report

2 Table of Content Pg. 5 Pg. 10 Pg. 15 Pg. 16 Pg. 19 Pg. 21 Pg. 22 Pg. 29 Pg. 35 Result Summary Loans Breakdown Deposit Breakdown Asset Quality Yield Analysis Capital Adequacy Consumer Loans Performance Subsidiaries Performance Company Profile 2

3 USD IDR Yield Index (points) Macroeconomic BI Rate Decreased To 7.50% Consumer Confident Declines In March GDP Growth BI Rate Consumer Confidence Index Source: Bloomberg Source: Bloomberg Indonesia Inflation Rate Edges Up IDR Down on Global Economy CPI 1M JIBOR USDIDR 10Yr Govt Bond Source: Bloomberg Source: Bloomberg 3

4 YoY Growth YoY Growth Banking Sector 40.0 Loans Growth Deposit Growth As of Jan 15, banking sector data shows: Loans %YoY to Rp3,667 tr (Investment loans % YoY, working capital % YoY, consumer loans % YoY) Deposit 14.23% YoY to Rp4.106 tr (CASA -3,84% YoY, Time Deposit % YoY, CASA Ratio 51.51%) NPL +0,37% YoY to 2,31% ROA -0,08% YoY to 2.87% Source: Bank Indonesia Jan 14 Jan 15 YoY 60 Investment Loans WC Loans Consumer Loans Total Loans 3, Total Deposit 3, ,23 30 LDR ,48-1, NPL ROA 2,90 2,82-0,08 Source: Bank Indonesia NIM

5 Result Summary Income Statement Net Interest Income at Rp 1.2 tr (+11.2% YoY/ +1.2% QoQ) PPOP at Rp 559 bn (+8.0% YoY/ +13.2% QoQ) LLP at Rp 61 bn (-40.9% YoY/ -60.2% QoQ) Net Income at Rp 388 bn (+18.9% YoY/ -3.8% QoQ) Balance Sheet Total Loans at Rp 49.9 tr (+9.5% YoY/ +0.5% QoQ) Total Financing at Rp 4.6 tr (+27.3% YoY/ 5.5% QoQ) Total Deposit at Rp 71.4 tr (+16.1% YoY/ +23.7% QoQ) Total Asset at Rp 87.6 tr (+11.0% YoY/ +15.5% QoQ) Ratios (bank only) NIM at 6.8% (0bps YoY/ -3bps QoQ) ROA (Net) at 2.0% (+13bps YoY/ +48bps QoQ) ROE (Net) at 21.4% (+203bps YoY/ +483bps QoQ) NPL (Gross) at 4.2% (+37bps YoY/ +3bps QoQ) 5

6 Target vs. Realization Target 1Q14 2Q14 3Q14 4Q14 1Q15 Loans Growth 14% - 15% Deposit Growth 16% - 17% ROA (net) 1.7% - 1.9% ROE (net) 16% - 19% NIM 7% - 7.1% Cost of Fund 5.4% - 5.8% Cost to Income Ratio 58% - 62% Gross NPL 2.8% - 3% Credit Cost 1.0% - 1.2% CASA Ratio 55% - 6 0%

7 Key Ratios (bank only) Key Ratios 1Q14 2Q14 3Q14 4Q14 1Q15 Profitability ROA (net) ROE (net) Cost Ratios Cost to Income Ratio Expenses Ratio Yield Asset Yield Cost of Fund NIM LDR Asset Quality Special Mention Loans Gross NPL Net NPL Coverage Ratio Provision/Total Loans Credit Cost Capital CAR

8 Income Statement Income Statement (Rp bn) 1Q14 1Q15 YoY Interest Income 2,125 2, % Interest Expense 1,045 1, % Net Interest Income 1,080 1, % Fee Based Income % Operating Expense % Gain (Loss) on Financial Statement % PPOP % Loan Loss Provision % Non Operating Income 1 (7) - PBT % Tax Expense (88) (102) 16.9% Net Income % 8

9 Balance Sheet Balance Sheet (Rp bn) 1Q14 2Q14 3Q14 4Q14 1Q15 YoY Cash 1,607 1,984 1,763 2,768 1, % Current Account with Bank Indonesia 4,622 4,861 4,839 5,178 5, % Secondary Reserves 21,393 18,296 17,411 12,599 24, % Loans net 44,329 46,554 47,602 48,028 48, % Financing net 3,588 3,770 4,014 4,301 4, % Fixed Asset - net % Other Asset 2,662 2,433 2,430 2,299 2, % Total Asset 78,899 78,581 78,731 75,837 87, % Total Third Party Fund 61,522 62,435 64,587 57,741 71, % Marketable Securities Issued 2,121 2,121 1,722 1,722 1, % Fund Borrowings 6,643 6,165 4,498 6,443 5, % Others 2,326 1,422 1,248 2,847 2, % Total Liabilities 72,612 72,143 72,055 68,753 80, % Total Equity 6,287 6,438 6,676 7,084 6, % 9

10 (Rp tr) Loans Breakdown (bank only) 60 Consumer Micro Commercial Mortgage Segment (Rp bn) 1Q14 1Q15 YoY Consumer 29,892 34, % Micro 5,166 4, % Commercial 6,091 6, % Mortgage 4,143 4, % Total Gross Loans Currency (Rp bn) 45,293 49, % 1Q14 1Q15 YoY IDR 45,077 49, % 0 Forex % 10

11 (Rp tr) Consumer Loans Civil Servant Loans (LHS) NPL (RHS) Pensioner Loans (LHS) Key Indicators 1Q14 1Q15 YoY Loans Outstanding 29,892 34, % Net Expansion (Rp bn) Avg. Loans Outstanding (Rp mn) 1,035 1, % % No of Account 343, , % Interest Rate 15.00%-18.45% % eff. p.a Asset Quality 1Q14 1Q15 YoY Special Mention NPL

12 (Rp tr) Micro Loans KMU (LHS) Govt Program (LHS) KCR (LHS) NPL (RHS) Key Ratios 1Q14 1Q15 YoY Loans Outstanding 5,166 4, % Net Expansion (Rp bn) (187) (324) -72.9% Avg. Loans Outstanding (Rp mn) % No of Account 93,408 74, % Interest Rate* 11.0% % eff. p.a Asset Quality 1Q14 1Q15 YoY Special Mention NPL *Kredit Mikro Utama 12

13 (Rp tr) Commercial Loans Working Capital (LHS) Syndicated (LHS) Investment (LHS) NPL (RHS) Key Ratios 1Q14 1Q15 YoY Loans Outstanding 6,091 6, % Net Expansion (Rp bn) Avg. Loans Outstanding (Rp mn) (897) (578) 35.6% 923 1, % No of Account 6,600 4, % Interest Rate 6.3% -14.5% eff. p.a Asset Quality 1Q14 1Q15 YoY Special Mention NPL

14 (Rp bn) Mortgage Loans 5,000 Mortgage Loans (LHS) NPL (RHS) 15.0 Key Ratios 1Q14 1Q15 YoY 4,500 4,000 3,500 3,506 3,911 4,143 4,282 4,280 4,444 4, Loans Outstanding 4,143 4, % Net Expansion (Rp bn) % 3,000 2,500 2,000 2,287 2, Avg. Loans Outstanding (Rp mn) % No of Account 15,271 17, % 1, Interest Rate 7.3% % eff. p.a. 1, Asset Quality 1Q14 1Q15 YoY Special Mention NPL

15 (Rp tr) Deposit Breakdown (bank only) 70 Current Account Savings Account Time Deposit Deposits Breakdown (Rp bn) 1Q14 1Q15 YoY 60 Current Account 16,568 25, % Saving Account 8,874 9, % Time Deposit 32,489 31, % TOTAL 57,931 66, % CASA Ratio Currency (Rp bn) 1Q14 1Q15 YoY IDR 57,172 66, % 0 Forex % 15

16 (Rp bn) Asset Quality 2,500 Credit Provision (LHS) Coverage Ratio (RHS) Absolute NPL (LHS) 100 Gross NPL (Bank only) 1Q14 1Q15 YoY Write Off 2015 (Rp bn) 2,000 1,731 1,894 2,030 2,052 2,077 1,612 1,584 1, Consumer Micro Commercial Mortgage ,500 1, ,393 1,277 1,185 1,081 1, Total Gross NPL Net NPL

17 Absolute Special Mention Loans (Rp bn) Special Mention/Total Loans Special Mention Contribution Special Mention Loans Consumer (LHS) Micro (LHS) Commercial (LHS) Mortgage (LHS) % to Loans (RHS) 100% Consumer Micro Commercial Mortgage 2,000 1,800 1,600 1,400 1,200 1, , % 80% 70% 60% 50% 40% 30% 20% % %

18 Absolute Net Performing Loans (Rp bn) Net Performing Loan/Total Loans NPL Contribution Non Performing Loans Consumer (LHS) Micro (LHS) Consumer Micro Commercial Mortgage 2,500 Commercial (LHS) % to Loans (RHS) Mortgage (LHS) % 90% % 2, % % 1, % 1, ,059 1,024 1, % 30% 20% 10% %

19 Yield Analysis Loans 71.4% Others 1.0% Placement to Bank Indonesia 9.5% Interbank Placement 3.1% Marketable Securities 15.1% Asset Yield 1Q14 1Q15 Placement to Bank Indonesia Interbank Placement Securities Loans Yield Others Current Account 35.3% Savings Account 13.3% Bonds 2.4% Interbank Lending 5.9% Time Deposit 43.1% Cost of Fund 1Q14 1Q15 Interbank Liabilities Securities Deposits From Customers Current Account Time Deposit Savings Account Loans received

20 Lending Proportion Funding Proportion Customer Based Consumer Micro Commercial Mortgage Government Corporate Retail 100% 90% 80% % 90% 80% 70% 70% 60% 50% 60% 50% % 30% % 30% 20% 20% 10% 0% 10% 0%

21 Capital Adequacy Risk Weighted Asset (RWA) 1Q14 1Q15 YoY Total Capital to Rp 5.7tr ( +Rp 269bn YoY) Total CAR at 15.6% (-54bps YoY) Total RWA 33,596 36, % Credit Risk 25,290 27, % Operational Risk 7,204 8, % CAR Analysis Risk Weighting Addition to RWA/ Rp1tr Net Expansion Net Impact to CAR Market Risk 1,102 1, % RWA/Total Asset 45.3% 44.6% -0.7% tier-1 5,433 5, % Consumer Loans 50% Rp 500bn 0.21 Micro Loans 75% Rp 750bn 0.31 tier -2 (5) 17 - Total Capital 5,428 5, % Tier-1 CAR 16.2% 15.6% -0.6% Total CAR 16.2% 15.6% -0.6% Commercial Loans 100% Rp 1tr 0.42 Mortgage Loans 40% Rp 400bn

22 Consumer Loan Details 22

23 Consumer Division Performance Growth Overall Consumer Loans at Rp 34.7tr (+16.0% YoY/ +3.3% QoQ) Net Expansion of +Rp 4.8tr YoY/ +1.1tr QoQ Consumer Loans portfolio contribution total loans at 69.9% ( +390bps YoY/ +190bps QoQ) Number of Customers 355,239 Accounts (+12,046 YoY/ +4,793 QoQ) Quality Overall NPL at 0.09 % (-2bps YoY/ +1bps QoQ) Absolute NPL at Rp 32.5 bn (-0.4bn YoY/ +3.9bn QoQ) Special Mention Loans at 0.21% (-1bps YoY/ +5bps QoQ) Absolute Special Mention Loans at Rp 72.6 bn (+5.8bn YoY/ +19.4bn QoQ) 23

24 (Rp tr) Consumer Loans Civil Servant Loans (LHS) NPL (RHS) Pensioner Loans (LHS) Key Indicators 1Q14 1Q15 YoY Loans Outstanding 29,892 34, % Net Expansion (Rp bn) Avg. Loans Outstanding (Rp mn) 1,035 1, % % No of Account 343, , % Interest Rate 15.00%-18.45% % eff. p.a Asset Quality 1Q14 1Q15 YoY Special Mention NPL

25 (Rp tr) Civil Servant Loans 35 Civil Servant Loans (LHS) NPL (RHS) 0.5 Key Indicators 1Q14 1Q15 YoY Loans Outstanding 27,682 31, % Net Expansion (Rp bn) Avg. Loans Outstanding (Rp mn) % % No of Account 312, , % Median Interest Rate 15.00%-18.45% % eff. p.a Asset Quality Special Mention 1Q14 1Q15 YoY NPL

26 (Rp tr) Pensioner Loans 3,000 Pensioner Loans (LHS) NPL (RHS) 2, Key Indicators Loans Outstanding 1Q14 1Q15 YoY 2,210 2, % 2,500 2,519 2,641 2,210 2,407 Net Expansion (Rp bn) % 2,000 1, ,464 2,018 1, Avg. Loans Outstanding (Rp mn) % No of Account 30,224 34, % 1,109 1, Median Interest Rate 15.00%-18.45% % eff. p.a 500 Asset Quality 1Q14 1Q15 YoY Special Mention NPL

27 Absolute Special Mention Loans (Rp bn) Special Mention Loans Special Mention Laons Contribution Special Mention Loans Absolute Special Mention Loans +8.7% YoY Pensioner Loans Contribution +6.8% YoY Civil Servant Loans (LHS) Special Mention Loans (RHS) 90 Pensioner Loans (LHS) % Civil Servant Loans Pensioner Loans 80 90% % 70% % 50% % 30% % 10 10% % 27

28 Absolute NPL (Rp bn) NPL NPL Contribution Non Performing Loans Consumer Loans Absolute NPL Loans -1.1% YoY Pensioner Loans Contribution +7.6% YoY Civil Servant Loans (LHS) Pensioner Loans (LHS) Civil Servant Loans (LHS) Pensioner Loans (LHS) NPL (RHS) 100% % % 70% 60% 50% % 30% % 10% % 28

29 Sharia Business Performance 1Q15 bank bjb Sharia 29

30 Result Summary Income Statement Net Financing Income at Rp 75.5 bn (+37.4% YoY) Operating Expenses at Rp 85.5 bn (+39.1% YoY) Net Income at Rp 727 mn (-27.4% YoY) Balance Sheet Total Financing at Rp 4.6 tr (+27.3% YoY) Total Deposit at Rp 4.8 tr (+37.0% YoY) Total Asset at Rp 6.0tr (+17.0% YoY) Ratios (bank only) NIM at 6.2% (+62bps YoY) ROA at 0.1% (-7bps YoY) ROE at 0.5% (-18bps YoY) NPF Gross at 7.2% (+423bps YoY) 30

31 Key Ratios Key Ratios 1Q14 1Q15 YoY CAR 18.1% 13.7% -4.4% NPF Gross 3.0% 7.2% +4.2% NPF Nett 2.3% 5.0% +2.7% ROA 0.1% 0.1% - ROE 0.7% 0.5% -0.2% NIM 5.6% 6.2% +0.6% Expense Ratio (BoPo) 97.4% 98.7% +1.3% FDR 87.5% 88.5% +1.0% 31

32 Income Statement Income Statement (Rp mn) 1Q14 1Q15 YoY Financing Income 137, , % Financing Expense 82,695 97, % Net Financing Income 54,944 75, % Other Operating Income 8,175 11, % Operating Expense 61,489 85, % Operating Income 1,630 1, % Non Operating Income (Expense) % Income Before Tax 1,765 1, % Tax Expense (764) (381) -50.1% Net Income 1, % 32

33 Balance Sheet Balance Sheet Highlight (Rp mn) 1Q14 1Q15 YoY Cash 27,513 27, % Current Account with Bank Indonesia 165, , % Secondary Reserves 1,082, , % Financing-net 3,587,975 4,528, % Fixed Asset-net 164, , % Other Asset 95,848 99, % Total Asset 5,123,218 5,995, % Total Third Party Fund 3,466,662 4,750, % Fund Borrowings 974, , % Others 64,917 63, % Total Liabilities 4,506,210 5,356, % Total Equity 617, , % 33

34 (Rp tr) Sharia Performance Total Financing Total Funding Financing (Rp mn) 1Q14 1Q15 YoY Murabahah (Trading) 2,218,215 3,378, % Ijarah 14,591 53, % Financing 1,259,359 1,116, % Qardh (Bridging) 148,930 88, % Isthisna (Pawning) 5,390 3, % Total Gross Financing 3,646,485 4,640, % Funding (Rp mn) 1Q14 1Q15 YoY Wadiah Current Account 72,474 85, % Wadiah Savings Account 104, , % Mudharabah Savings Account 328, , % Mudharabah Time Deposit 2,961,082 4,005, % Total Funding 3,466,662 4,750, % 34

35 Company Profile bank bjb 35

36 Ownership Ownership Structure 1Q14 1Q15 Founder (A Series) West Java Provincial Government 38,26 38,26 West Java Municipal Governments 23,61 23,61 Banten Provincial Government 5,37 5,37 Banten Municipal Governments 7,76 7,76 Public (B Series) 25,00 25,00 Local Retail 4,90 4,94 Local Institution 5,42 5,52 Foreign Retail 0,02 0,02 Foreign Institution 14,66 14,52 36

37 Road Map To Build Sustainable Growth And Excellent Performance Bank Build Strong Foundation Quality Growth A Bank With Excellent Performance And Services Ready For Asean Economic Community (AEC) Strategy Strategy Strategy Increasing Deposit Market Share Improving Loans Quality And Distribution Increasing Capital Adequacy Developing Support Functions : o Enhancing Information Technology, Network And Services o Improving Human Capital o Widening Services Policy o Improving Cost Control o Implementing Risk Management And Credit Risk Principles o Enhancing Audit Function, Legal And Compliance o Improving Corporate Secretary Function o Increasing Performance Of Subsidiaries 37

38 Business and Strategic Alliances Sustainable Growth and Excellent Performance Bank Micro Loans Commercial & Corporate Loans Consumer Loans & Mortgage Consumer & Institutions Deposit Treasury and International Subsidiary Companies oimproving Micro Loans Quality oredesign Organizational Structure & Business Process olinkage And Strategic Alliances With Rural Bank oimproving Loans Process Through Four Eyes Principles orisk Management And Expanding Quality Growth oorganic And Inorganic Growth o More Focus On Pensioner Loans oincreasing CASA Composition Through Cash Management o Developing Internet & Mobile Banking obuilding Deposit & Services Infrastructure oproviding Trade Finance, Remittances, and Dealing Services for Customers ooptimization Of Capital Market, Foreign Exchange & Derivatives o Enhancing Performance Of Subsidiaries Support Strategy Risk Management and Credit Risk Improving Organizational Structure And HR Competencies Through Extensive Training Program Developing Audit Function, Legal And Compliance Network Expansion IT, and Services Improvement Enhance Communication with Investors 38

39 Distribution Network Others Deposits 2.0 Tr Loans 3.2 Tr Micro Loans 429 bn Profit 17 bn 48,849 Customers 13 Branch Offices 13 Sub Branch Offices 4 Cash Offices 94 ATM Unit 25 Waroeng bjb 407 Employees Total bjb employees 7,041 Total bjb customers 4,452,735 Jakarta Deposits 10.1 Tr Loans 5.1 Tr Micro Loans 215 bn Profit 46.8 bn 71,067 Customers 9 Branch Offices 58 Sub Branches 5 Cash Offices 1 Payment Point 117 ATM Unit 24 Waroeng bjb 584 Employees Banten Deposits 12.9 Tr Loans 8.1 Tr Micro Loans 390 bn Profit 234 bn 809,498 Customers 8 Branch Offices 45 Sub Branches 45 Cash Offices 39 Payment Point 203 ATM Unit 98 Waroeng bjb 871 Employees West Java Deposits 41.4 Tr Loans 33.2 Tr Micro Loans 3.15 Tr Profit West Java 852 bn Loss Head Oficce 661 bn 3,523,321 Customers 32 Branch Offices 196 Sub Branch 259 Cash Offices 92 Payment Point 783 ATM Unit 339 Waroeng bjb 5,179 Employees 39

40 Branch Network Details No bjb Network 1Q14 1Q15 YoY 1 Branch Sub Branch Cash Offices Payment Point ATM 1,168 1, Waroeng bjb (A,B & C) Layanan bjb Precious MSME Center Mobile Cash Weekend Banking Forex Branches Total 2,536 2,

41 Human Capital Level 1Q14 1Q15 YoY Board of Commissioners Directors Educational Breakdown Up to High School Up to Bachelor Degree Masters and Doctorate Up to High School 0% Masters and Doctorate 4% Top Management Middle Management First Line Management 1,626 1, Staff 4,735 5, Employee in Pension Preparation Total Permanent 6,628 7, Age Breakdown Up to Bachelor Degree 96% > 50 Micro 1, ,447 Others 2,561 2, Total Non Permanent 4,509 3,162-1, % % Total 11,137 10, > 50 1% % 41

42 Awards Infobank-MRI 2014 Banking Service Excellent Awards 2 nd Best Phone Handling Commercial Banking Infobank-MRI 2014 Banking Service Excellent Awards 1 st Best ATM Commercial Banking Indonesia WOW Brand Award 2014 Gold Champion Category Saving Account (BUKU III) Infobank Awards Financial Performance Very Good In 2013 Markplus Awards The Best Of Indonesian Bank Loyalty Champion For Saving Account (Assets Under Rp 100 Trillion) Indonesia WOW Brand Award 2014 Best Conventional Bank For BUKU III Category 42

43 Awards BPJS Awards Innovators For BPJS Participation Through Service Point Office (SPO) BPJS Awards Regional Strategic Partner 2014 Infobank Awards Financial Performance Very Good For 15 Years In A Row From Corruption Eradication Commission Awards Most Reported Gratification For Regional Owned Enterprises 2014 Corruption Eradication Commission Awards Best Gratification Control Unit For Regional Owned Enterprises 2014 Ministry of Finance Awards Best Taxpayer for West Java Region 43

44 Rp/share Million Shares Share Price Performance Volume (RHS) Price (LHS) Investor Relations Group Menara bank bjb 7 th Floor Jl. Naripan Bandung ext 7140/7141 ir@bankbjb.co.id Contact Person: Muhammad As adi Budiman Group Head mbudiman@bankbjb.co.id Irwan Riswandi Manager iriswandi@bankbjb.co.id Ari Budiman Officer abudiman@bankbjb.co.id Anjas Septa Lesmana Officer aslesmana@bankbjb.co.id Simon Sihol Panggabean Staff spanggabean@bankbjb.co.id Gilat Wijie Priyantama Staff gpriyantama@bankbjb.co.id Source: Bloomberg Lies Rosdiana Staff lrosdiana@bankbjb.co.id 44

45 Menara bank bjb Jl. Naripan th Floor Bandung Telp